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Mind The Global Auto Bust—It’s Cascading Far And Wide

Summary:
Kemp noted that China's vehicle output plunged -13% in 1H19 and Germany hit levels not seen since 2009. As we have detailed before, India's auto production has gone bust, down -11% YoY from April to July. This has led to hundreds of thousands of job losses in that period. https://www.zerohedge.com/news/2019-08-15/auto-bust-heart-global-downturn-hits-oil-demand

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Kemp noted that China's vehicle output plunged -13% in 1H19 and Germany hit levels not seen since 2009. As we have detailed before, India's auto production has gone bust, down -11% YoY from April to July. This has led to hundreds of thousands of job losses in that period.

Mind The Global Auto Bust—It’s Cascading Far And Wide

https://www.zerohedge.com/news/2019-08-15/auto-bust-heart-global-downturn-hits-oil-demand

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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